Property profile

1710 Southern Ave Mesa, AZ 85202

OFF-MARKET
Strip malls
Property ID
US07-1359351
12,010 SF 2.67 ac lot Built 1980
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Fiesta Square, located at 1710 W Southern Ave, Mesa, AZ 85202, offers a prime retail opportunity in a high-traffic area. This multi-tenant property totals 5,569 square feet, with 4,222 square feet currently available for lease. The available space is ideal for a variety of retail uses, benefiting from its excellent visibility and location. Situated at the northeast corner of Southern Avenue and Dobson Road in Maricopa County, the property enjoys exceptional exposure. The center is directly across from Banner Desert Hospital, a significant medical facility, and the Fiesta Mall redevelopment project, ensuring a substantial daytime population and strong potential customer base. This location offers an underserved market for restaurants and other retail businesses. The property benefits from convenient access to major transportation arteries, including the US-60 and AZ-101 Loop Freeways, enhancing accessibility for both customers and employees. High traffic counts are a key advantage, with Southern Avenue boasting 23,827 vehicles per day and the Superstition Freeway recording 249,252 vehicles per day. Monument signage is available, providing excellent branding opportunities. One available suite, C2, comprises 1,347 square feet. This presents a compelling opportunity for businesses seeking high visibility and a strategic location within a thriving community.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1980
Construction CONCRETE
Total area 12,010 SF
Lot 2.67 ac (116,349 SF)
Zoning code LC
APN 305-06-002K
UPID US07-1359351

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering
  • Physician
  • Employment Agency
  • Employment Agency
  • Medical Clinic

Location

1710 Southern Ave Mesa, AZ 85202-4800
Mesa metro Census 422103 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.28M
Blend (final) Blend
$855k

Owner & transaction history

since 2022
7 recorded transactions
2022
Price N/A
2022
Price N/A
2021
Price N/A
2008
$4.4M
2001
Price N/A
1998
$1.6M
1969
Price N/A

Zoning & alternative use

LC · Mesa, AZ
Zoning description

Limited Commercial (LC). To provide areas for indoor retail, entertainment, and service-oriented businesses that serve the surrounding residential trade area within a one (1) to 10-mile radius. Typical uses include, but…

General category COMMERCIAL
Top alternative use upside
Retail stores $3.2M +94.7%
Medical building $3.1M +94.6%
Office building $2.1M +27.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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